RHINO ASPHALT SOLUTIONS LIMITED

🌳Matureactive
04006938 · ltd · incorporated 2000-06-02
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 57). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

5 live charges · 5 lenders · oldest 25.7y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 25.7 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
18 officers (3 active, 18 linked, 13 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
120 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees443700

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-10
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  4. 2024-06-05
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  5. 2023-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-11-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2018-11-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2018-11-26
    🔓
    Charge satisfied #4
  13. 2018-11-26
    🔓
    Charge satisfied #3
  14. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-10-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2016-10-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2016-10-06
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  19. 2016-10-04
    ➖
    CHALMERS, Malcolm Albert resigned
    director
  20. 2016-10-01
    ➖
    MCINTOSH, Nicholas John resigned
    director
  21. 2006-09-05
    🔒
    Charge registered #4
    Lender: Igf Invoice Finance LTD
  22. 2005-12-01
    ➖
    CALDWELL, Neil resigned
    director
  23. 2005-12-01
    ➖
    EMMENS, Andrew resigned
    director
  24. 2005-11-29
    ➕
    CALDWELL, Neil appointed
    director
  25. 2005-11-28
    ➕
    EMMENS, Andrew appointed
    director
  26. 2005-03-28
    🔒
    Charge registered #3
    Lender: Dynamic Commercial Finance PLC
  27. 2005-03-10
    ➖
    ALDBURY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 2005-03-10
    ➖
    CALDWELL, Neil resigned
    director
  29. 2005-03-10
    ➖
    EMMENS, Andrew resigned
    director
  30. 2005-03-08
    🔓
    Charge satisfied #2
  31. 2005-03-07
    ➕
    LOADER, Stephen appointed
    secretary
  32. 2005-03-07
    ➕
    BEST, Daniel appointed
    director
  33. 2005-03-07
    ➕
    LOADER, Stephen appointed
    director
  34. 2005-03-07
    ➕
    CHALMERS, Malcolm Albert appointed
    director
  35. 2005-03-07
    ➕
    MCINTOSH, Nicholas John appointed
    director
  36. 2004-05-18
    ➕
    ALDBURY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  37. 2004-05-18
    ➖
    WARWICK CONSULTANCY SERVICES LIMITED resigned
    corporate-secretary
  38. 2003-04-10
    🔓
    Charge satisfied #1
  39. 2002-07-03
    ➖
    WALSH, John Lawrence resigned
    director
  40. 2002-01-15
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  41. 2001-11-08
    ➖
    WILSHERE, Stephen Philip resigned
    secretary
  42. 2001-11-08
    ➕
    WARWICK CONSULTANCY SERVICES LIMITED appointed
    corporate-secretary
  43. 2001-11-08
    ➕
    CALDWELL, Neil appointed
    director
  44. 2001-11-08
    ➖
    CALDWELL, Patricia Jean resigned
    director
  45. 2001-11-08
    ➕
    EMMENS, Andrew appointed
    director
  46. 2001-11-08
    ➖
    HARDING, Paul David resigned
    director
  47. 2001-11-08
    ➕
    WALSH, John Lawrence appointed
    director
  48. 2000-11-15
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  49. 2000-11-04
    ➖
    WESCOTT, Ray Anthony resigned
    director
  50. 2000-11-03
    ➕
    CALDWELL, Patricia Jean appointed
    director
Showing most recent 50 of 58 events

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Pavilion Contracting Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Pavilion Contracting Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
RHINO ASPHALT SOLUTIONS LIMITED
This company · 04006938

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Pavilion Contracting Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2000-06-02
Jurisdictionengland-wales
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

One, Bell Lane
Lewes
East Sussex
BN7 1JU

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-06-12
Last: 2026-05-29

Officers (3 active · 15 resigned)

LOADER, Stephen→
secretary · appointed 2005-03-07
View their other companies + combined net worth →
Active
BEST, Daniel→
director · ~53y · appointed 2005-03-07
View their other companies + combined net worth →
Active
LOADER, Stephen→
director · ~57y · appointed 2005-03-07
View their other companies + combined net worth →
Active
THOMAS, Howard→
nominee-secretary · appointed 2000-06-02 · resigned 2000-06-02
Resigned
WILSHERE, Stephen Philip→
secretary · appointed 2000-06-02 · resigned 2001-11-08
Resigned
ALDBURY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-05-18 · resigned 2005-03-10
Resigned
WARWICK CONSULTANCY SERVICES LIMITED→
corporate-secretary · appointed 2001-11-08 · resigned 2004-05-18
Resigned
CALDWELL, Neil→
director · ~71y · appointed 2005-11-29 · resigned 2005-12-01
Resigned
CALDWELL, Neil→
director · ~71y · appointed 2001-11-08 · resigned 2005-03-10
Resigned
CALDWELL, Patricia Jean→
director · ~71y · appointed 2000-11-03 · resigned 2001-11-08
Resigned
CHALMERS, Malcolm Albert→
director · ~71y · appointed 2005-03-07 · resigned 2016-10-04
Resigned
EMMENS, Andrew→
director · ~67y · appointed 2005-11-28 · resigned 2005-12-01
Resigned
EMMENS, Andrew→
director · ~67y · appointed 2001-11-08 · resigned 2005-03-10
Resigned
HARDING, Paul David→
director · ~68y · appointed 2000-11-03 · resigned 2001-11-08
Resigned
MCINTOSH, Nicholas John→
director · ~64y · appointed 2005-03-07 · resigned 2016-10-01
Resigned
TESTER, William Andrew Joseph→
nominee-director · ~64y · appointed 2000-06-02 · resigned 2000-06-02
Resigned
WALSH, John Lawrence→
director · ~74y · appointed 2001-11-08 · resigned 2002-07-03
Resigned
WESCOTT, Ray Anthony→
director · ~71y · appointed 2000-06-02 · resigned 2000-11-04
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property06/10/2016—
satisfied
Igf Invoice Finance
Igf Invoice Finance LTD
Debenture1 property05/09/200626/11/2018
satisfied
Dynamic Commercial Finance
Dynamic Commercial Finance PLC
Debenture1 property28/03/200526/11/2018
satisfied
Barclays
Barclays Bank PLC
Debenture1 property15/01/200208/03/2005
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property15/11/200010/04/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (120 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-06-10
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-29